NOT LISTED FOR SALE

503 Putnam St Olean, NY 14760

Estimated Value: $44,000 - $75,773

3 Beds
1 Bath
1,336 Sq Ft
$45/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $28,000 $21 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $373/month

143 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Open Patio
  • 1 Fireplace
  • Porch
  • 3-minute walk to Oak Hill Park

About This Home

As of June 2024

Calling all investors! Priced to sell 3-bedroom old style house in the historic district of Olean. Cosmetic love is all this needs! Being sold " as is". Seller is on the STAR program for school taxes. Buyer responsible for purchase of new survey. Due to personal reasons from the seller this home needs sold ASAP!! This home is habitable in its current condition! Don't miss out!!

Last Agent to Sell the Property

Katy Gerrity

Listing by ERA Team VP-Olean Brokerage Phone: 585-808-5244 License #10401366686 Listed on: 12/08/2023

ERA Team VP-Olean

Last Buyer's Agent

Katy Gerrity

Listing by ERA Team VP-Olean Brokerage Phone: 585-808-5244 License #10401366686 Listed on: 12/08/2023

ERA Team VP-Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $648

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 35x40
  • Historic Home

Parking

  • No Garage

Home Design

  • Block Foundation
  • Wood Siding

Interior Spaces

  • 1,336 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 9406494

Home Details

Home Type

Single Family

Est. Annual Taxes

$648

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1940
  • Attribution Contact: 585-808-5244
  • ResoLaundryFeatures: In Basement
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Take N. 4th St from West State St then turn left onto Putnam St
  • Architectural Style: Historic/Antique, Two Story
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Garage Yn: No
  • Interior Features: Separate/Formal Dining Room
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Built-In Oven, Dryer, Dishwasher, Gas Water Heater, Refrigerator, See Remarks, Washer
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Block
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Parking Features: No Garage, No Driveway

Utilities

  • Heating: Gas, Forced Air, Wood
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 9406494
  • Lot Dimensions: 35X40
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2023
Closed on
May 24, 2024
Sold by
Mccarthy Deanna D
Bought by
Khan Feroz
Seller's Agent
Katy Gerrity
ERA Team VP-Olean
Buyer's Agent
Katy Gerrity
ERA Team VP-Olean
List Price
$34,000
Sold Price
$28,000
Premium/Discount to List
-$6,000
-17.65%
Views
343
Current Estimated Value
$59,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,693
Avg. Annual Appreciation
63.49%

Purchase Details

Closed on
Jul 24, 2000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Khan Feroz $28,000 None Available
-- -- --
-- -- --
Mccarthy Deanna D -- --
Mccarthy Deanna D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $28,000 -12.5% $21 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/09/2024 04/09/24 Price Changed $31,999 -5.9% $24 / Sq Ft
02/22/2024 02/22/24 For Sale $34,000 0.0% $25 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/13/2024 02/13/24 Price Changed $34,000 -24.4% $25 / Sq Ft
01/04/2024 01/04/24 Price Changed $44,999 -10.0% $34 / Sq Ft
12/08/2023 12/08/23 Price Changed $49,999 -23.1% $37 / Sq Ft
12/08/2023 12/08/23 For Sale $65,000 -- $49 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,087 $33,000 $500 $32,500
2023 $1,129 $33,000 $500 $32,500
2022 $1,124 $33,000 $500 $32,500
2021 $1,297 $33,000 $500 $32,500
2020 $325 $33,000 $500 $32,500
2019 $248 $33,000 $500 $32,500
2018 $739 $33,000 $500 $32,500
2017 $529 $33,000 $500 $32,500
2016 $520 $33,000 $500 $32,500
2015 -- $33,000 $500 $32,500
2014 -- $33,000 $500 $32,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1512775

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0009-004-000-0000